Currenc Group Inc Stock Price, News & Analysis

Currenc Group (Nasdaq: CURR) announced a significant $54.6 million Shares-for-Debt Transaction with its Founder and Executive Chairman, Alex Kong, and controlling shareholder Regal Planet Limited. The company will issue 35,653,995 ordinary shares at $1.53 per share to settle outstanding related party loans totaling approximately $54.55 million.

The transaction will completely eliminate the debt owed to Kong and Regal Planet from Currenc's balance sheet. The conversion price of $1.53 per share was based on Nasdaq's closing price prior to the agreement. The shares will be issued under Securities Act exemption and are subject to resale restrictions.

Currenc Group (Nasdaq: CURR) announced a significant $54.6 million Shares-for-Debt Transaction with its Founder and Executive Chairman, Alex Kong, and Regal Planet Limited. The transaction involves issuing 35,653,995 ordinary shares to settle approximately $54.5 million in outstanding related party loans as of July 22, 2025.

The strategic move completely eliminates these debts from Currenc's balance sheet while aligning the Chairman's interests with shareholders. The shares were issued under Securities Act exemption and are subject to resale restrictions. This transaction demonstrates the Executive Chairman's confidence in the fintech company's future growth prospects.

Currenc Group (Nasdaq: CURR) reported mixed Q2 2025 financial results, with its core remittance business showing growth while airtime services declined. The company's Total Processing Value (TPV) through Tranglo increased 6.9% YoY to $1.46 billion, with transactions rising to 3.1 million from 2.9 million in 2024.

Total revenues excluding TNG Asia and GEA decreased 10.3% to $8.7 million, primarily due to declining airtime revenues. However, remittance revenues grew 8.3% to $5.2 million, with an improved take rate of 0.36%. The company reported a net loss of $5.0 million, largely due to $2.2 million in SPAC merger-related incentive shares and $1.0 million in AI initiative investments.

Currenc is strategically shifting focus from airtime transfers to expanding its AI product offerings for financial institutions, aiming to create a more diverse revenue mix and improve long-term profitability.

Currenc Group (Nasdaq: CURR), a fintech company specializing in AI solutions for financial institutions, has initiated an investigation into suspected illegal naked short selling of its shares. The company has partnered with Shareholder Intelligence Services (ShareIntel) to monitor and investigate potential trading irregularities.

ShareIntel's proprietary DRIL-Down™ technology will be used to analyze trading patterns, monitor repository data, and enhance trading surveillance. Currenc plans to pursue regulatory and legal actions if evidence of market manipulation is found, demonstrating its commitment to protecting shareholder value amid its global expansion efforts.

CURRENC Group (Nasdaq: CURR) has announced a strategic partnership with Galaxy Payroll Group (Nasdaq: GLXG) to develop AI-powered HR solutions for CURRENC's "AI Staff for Hire" platform. The collaboration will produce two new modules: AI HR Manager for streamlining internal HR operations and AI Recruitment Manager for optimizing recruitment processes.

The AI HR Manager will handle employee onboarding, performance monitoring, and data management, while the AI Recruitment Manager will focus on candidate screening and interview scheduling. These modules will integrate with existing business workflows to enable quick implementation and adoption across the financial industry.

Currenc Group (NASDAQ: CURR) reported its Q1 2025 financial results, showing declining performance across key metrics. Total Processing Value (TPV) through Tranglo decreased 3.7% YoY to $1.30 billion, while total transactions fell to 2.77 million from 2.94 million. Total revenues excluding TNG Asia and GEA declined 11.5% YoY to $10.0 million, primarily due to a 23.1% drop in global airtime revenue. The company reported a net loss of $4.5 million and negative EBITDA of $2.8 million. Operating expenses increased to $7.5 million, largely due to $2.2 million in incentive shares from the INFINT SPAC merger. Management is shifting focus from airtime transfer to expanding AI product offerings and remittance services in major corridors, investing $0.5 million in new AI initiatives during Q1 2025.

CURRENC Group Inc. (NASDAQ: CURR) reported its full year 2024 financial results, marked by mixed performance and strategic transformation into AI solutions. The company's Total Processing Value (TPV) through Tranglo increased by 13.2% to US$5.14 billion, while total revenues excluding TNG Asia and GEA decreased by 3.4% to US$42.0 million.

Key financial metrics include: remittance revenue growth of 6.4% to US$18.2 million, global airtime revenue decline of 23.8% to US$9.3 million, and gross profit margin improvement to 31% from 28% in 2023. The company reported a net loss of US$38.8 million for 2024.

Strategic initiatives launched in 2024-2025 include:

• SEAMLESS AI Call Centre Solutions
• Plans for a 500MW hyperscale AI data center in Malaysia
• Partnership with ARC Group for a $100 million AI-Focused Fund
• Launch of 'AI Staff for Hire' platform
• Contract with Coin Cove for AI-powered banking services

CURRENC Group Inc. (NASDAQ: CURR) has appointed Wan Lung Eng as its new Chief Financial Officer, effective April 16, 2025. Eng brings over 20 years of experience in finance, accounting, investment banking, and private equity.

His career includes CFO positions at VitalCheck Wellness, Teclison, and Spectral MD, along with executive roles at major financial institutions like RBC Capital Markets, Deutsche Bank Securities, and Macquarie Group. Throughout his career, Eng has executed financing and M&A transactions exceeding US$50 billion in total value across the U.S., Europe, and Asia.

Eng holds an MBA from Duke University and a Bachelor of Accountancy from Nanyang Technological University. The appointment aligns with CURRENC's strategy to enhance its AI initiatives and strengthen its position in the global fintech landscape, particularly in digital remittance and AI-powered financial solutions.

CURRENC Group (Nasdaq: CURR), a fintech company specializing in AI solutions for financial institutions, has scheduled the release of its full year 2024 financial results for Wednesday, April 16, 2025, before market opening.

The company will host a conference call with management at 8:00 a.m. Eastern Time on the same day. Interested parties can participate through online registration or access the live webcast through the company's investor relations website.